Grats meaning

The definition of grats is a shortened form of congratulations, to express happiness for something or someone.

An example of grats is what you'd write in a Facebook post to someone who just got a new job.

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The definition of GRATs are Grantor Retained Annuity Trust accounts, financial instruments which allow family members to give large financial gifts to other family members without paying a U.S. gift tax.

An example of GRATs is when a wealthy grandfather sets up trust accounts for each of his grandchildren for $250,000 and then they receive the money after he dies.

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Plural form of grat.
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